Importers are finding ways to bypass the 12% safeguard duty on steel imports levied in April this year, leading to a rout in domestic prices, even as the import volumes come down, said Jayant Acharya, the joint managing director of JSW Steel. One of the workarounds is the misuse of the Advance Authorization Scheme, which…
India is inching closer to a major milestone in its semiconductor journey, with the country expected to produce its first commercial-scale, made-in-India semiconductor chip this year. Read More…
Russian oil giant Rosneft has hit out at the European Union for imposing sanctions on its Indian affiliate Nayara Energy, calling the move “unjustified and illegal” and warning that it could directly threaten India’s energy security. Read More…
India, the world’s third-largest oil importer, has leaned heavily on discounted Russian crude since Western sanctions followed Russia’s 2022 invasion of Ukraine. At the center of this trade sits Reliance Industries Limited (RIL), which operates the world’s largest refinery in Jamnagar, and has emerged as the largest Indian buyer of Russian oil, particularly the Urals…
भारत त्वरित भुगतान में दुनिया में ग्लोबल लीडर के रूप में उभरा है। यूपीआई से अकेले जून माह में 24.03 लाख करोड़ रुपए का लेनदेन 18.39 अरब ट्रांजैक्शन के माध्यम से हुआ है। यह जानकारी अंतरराष्ट्रीय मुद्रा कोष (आईएमएफ) की ओर से रविवार को जारी किए गए नोट में दी गई। बीते महीने सालाना आधार…
The US, UAE, and China have emerged as the top three export destinations for India’s electronics sector during April-June quarter of 2025-26, according to the commerce ministry data. Read More…
Indian rice millers and exporters are upbeat about Bangladesh’s “plan to import 9 lakh tonnes of rice”, anticipating a boost in demand and better prices for the cereal, stakeholders said on Sunday. With India accounting for 46 per cent of global rice exports, the country is expected to “emerge as the primary beneficiary of the…
India’s electronics industry has raised the alarm over informal trade restrictions by China, saying this could dent the country’s competitiveness and threaten the $32 billion smartphone exports target for this fiscal year. Read More…
India’s largest privately held tech services firm, Zoho Corp., expects India’s small businesses and enterprises to generate more than $1 billion in revenue within the next five fiscal years, its new chief executive, Mani Vembu, told Mint on Thursday. Speaking with Mint, Mani Vembu, who took over after his elder brother Sreedhar stepped down to…
India’s AI Moment: A Human Perspective By Vaibhav Pandey A New Era Begins It all became real on March 7, 2024, when the Government of India launched the IndiaAI Mission. At first, it sounded like just another government announcement. But looking closer, you realize it’s a bold promise: we’re ready to write our own AI…